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Jason Franklin

jason@shorehomes.info +1(818) 421-2328

$ 1,498,000

Est. payment | -/mo

8 Beds

4 Baths

3,488 SqFt

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$ 1,498,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,488 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,488 sqft

Price per Sqft $429

MLS Listing ID 26868953

Bedrooms 8

HOA Y/N No

Year Built 1950

Lot Size 6,128 Sqft

Property Description

This well-maintained mid-century modern - influenced multi-family architecture - four-unit multifamily property in the highly desirable Culver City/Del Rey area, offering an outstanding value-add opportunity in one of the Westside's strongest rental markets. Built in 1950, the property features four spacious 2-bedroom, 1-bath units totaling approximately 3,488 square feet on a 6,130-square-foot lot. All four units are currently occupied and provide immediate cash flow, with significant upside through rental repositioning. Each unit averages approximately 872 square feet and is complemented by on-site parking for four vehicles. Recent capital improvements include a brand-new roof and fresh exterior paint completed in 2025, helping minimize near-term maintenance expenses. The property's attractive unit mix, desirable location, and strong rental demand create an exceptional opportunity for investors seeking stable income with long-term appreciation potential. Offered with approximately 55% projected rental upside based on market rents, this asset presents the opportunity to substantially increase future cash flow. The adjacent property at 12320 Washington Pl is also available, creating the potential for a larger assemblage with future development or ADU possibilities (buyer to verify). Conveniently located near Downtown Culver City, Playa Vista, Marina del Rey, Silicon Beach, major employers, shopping, dining, parks, and freeway access, this is a rare opportunity to acquire a quality multifamily asset in one of Los Angeles' most sought-after investment corridors. * This property can be purchased individually or assembled with the adjacent property at 12320 Washington Pl. Contact agent for details. *

Location

State CA

County Los Angeles

Area C28 - Culver City

Zoning CCR4YY

Interior

Fireplace No

Appliance Disposal, Refrigerator

Exterior

Garage Spaces 4.0

Garage Description 4.0

Total Parking Spaces 4

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4232006010

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Vangelis Korasidis Coldwell Banker Realty #01222626

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 421-2328

jason@shorehomes.info

24025 Park Sorrento #110, Calabasas, CA 91302, West Hills, CA 91307, USA

12314 Washington PL Culver City, CA 90066

Jason Franklin

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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12314 Washington PL